New Zealand market bounces back
Submitted by Marina Dimova on Fri, 10/17/2008 - 07:58.
The New Zealand stock market bounced back Friday in the wake of the recovery on Wall Street as investors snapped up bargains after share prices fell by 5 per cent the previous day.
The benchmark NZX 50 index was up 68 points to 2,832 in the first two hours of trading, a gain of more than 2 per cent.
Telecom New Zealand, the biggest company on the board, accounted for more than 45 per cent of turnover as buyers moved in following Thursday's 8.6 per cent fall in price to 2.23 New Zealand dollars (about 1.36 US cents), its lowest level in more than 16 years.
It improved four New Zealand cents in early trading.
German exports plunged in November to record the biggest fall in nearly two decades, data released Thursday showed, as the deepening world economic downturn hits Europe's biggest economy.
When the Spirit rover landed on Mars five years ago, no one expected it or its sister rover Opportunity to make it to their first birthdays, let alone their fifth.
The San Antonio Spurs turned up their trademark defense down the stretch to turn back another opponent. 
US singer and Academy Award winner Jennifer Hudson, 27, dominated the nominations for the 40th NAACP Image Awards.
After the Taipei Zoo received two giant pandas from China, another Taiwan zoo said Friday it is seeking to receive a pair of pandas from China.